Patagonia Gold Corp · TSXV:PGDC

Patagonia Gold — Investor Presentation (September 2020)

18 slides from Patagonia Gold's investor presentation, September 2020

  1. Slide 1: Investor Presentation September 2020

    Investor Presentation September 2020

  2. Slide 2: Cautionary & Forward-Looking Statements

    Cautionary & Forward-Looking Statements TSXV:PGDC This document has been prepared by Patagonia Gold Corp. (“Patagonia Gold” or, the “Company”) for evaluation of the Company by the recipient. The information contained in this presentation is derived from estimates made by the Company, information tha

  3. Slide 3: Emerging Junior with Large Exploration Upside

    Emerging Junior with Large Exploration Upside TSXV:PGDC Generating Cash Flow Large Resource Base with Large Property Portfolio Low Valuation with Growth Potential Across Argentina Substantial Upside • Generating cash flow from residual • Four projects with large global mineral • Amongst the largest

  4. Slide 4: Mission, Vision & Values

    Mission, Vision & Values TSXV:PGDC Mission Vision Values Increase shareholder To become an 1) People – People are our main asset. We value and respect all individuals. value through the intermediate mining 2) Community Interaction – Our involvement with public and private acquisition, exploration pr

  5. Slide 5: Management & Directors

    Management & Directors TSXV:PGDC Christopher van • Previously worked for the Anglo American Group in various countries, culminating as Country Manager and President of AngloGold Ashanti’s Cerro Vanguardia mine. Tienhoven As well, he worked for Andean Resources Limited as Country Manager and Vice Pre

  6. Slide 6: Capital Markets Profile

    Capital Markets Profile TSXV:PGDC Capital Structure Share Price (Last 12 Months) Ticker TSXV:PGDC $0.20 3.0 Share Price (as of September 23, 2020) C$0.14 $0.18 $0.16 2.5 52-Week High / Low C$0.04 – C$0.18 Volume (millions) Share Price (C$) $0.14 2.0 Basic Shares Outstanding 317.9M $0.12 Options 17.3

  7. Slide 7: Restarting Production

    Restarting Production TSXV:PGDC • Both the Lomada de Leiva (Lomada) and Cap-Oeste mines are on care-and-maintenance with plans to restart in the near term ‒ Both mines continue to generate gold and cash flow from residual leaching ‒ Cap-Oeste: initiated feasibility studies on the underground develop

  8. Slide 8: Massive Property Portfolio across a Prolific Mineral Belt

    Massive Property Portfolio across a Prolific Mineral Belt TSXV:PGDC Amongst the largest landholders in one of the world’s largest mineral regions (Deseado Massif) • Over 350 mining claims in Argentina • Mineral rights to 67 properties in Santa Cruz Province covering ~190,000 ha ‒ Held by the Company

  9. Slide 9: Calcatreu Project

    Calcatreu Project TSXV:PGDC • 41,800 ha property (100% interest) located ~80 km southwest of the town of Jacobacci in south central Rio Negro Province ‒ Easily accessible through highway with access to key regional infrastructure (rail, power and skilled labour) • Occurs within the Somuncura Massif

  10. Slide 10: Cap-Oeste Project

    Cap-Oeste Project TSXV:PGDC • 81,000 ha property (95% interest) located in the Department Potential underground development of COSE-style of Rio Chico in the central portion of Santa Cruz Province mineral of 298K oz AuEq at 19.42 g/t AuEq ‒ Easily accessible via National Highway 40 and gravel roads

  11. Slide 11: Lomada de Leiva Project (Lomada)

    Lomada de Leiva Project (Lomada) TSXV:PGDC • Part of the 59,200 ha La Paloma property (95% ownership) Announced restart of this high-grade, open-pit heap located in Santa Cruz Province leach gold operation • Recently announced plans to restart mining operations Image of the Lomada de Leiva mineral s

  12. Slide 12: Martha Mill and Project

    Martha Mill and Project TSXV:PGDC • 7,850 ha property located ~50 km to the southwest of the city of Martha in the province of Santa Cruz, Argentina ‒ Access to surrounding lands totaling 35,700 ha ‒ 100% owned and subject to a 2% NSR royalty to Royal Gold • 240 tpd (max capacity of 480 tpd) process

  13. Slide 13: La Manchuria Project

    La Manchuria Project TSXV:PGDC • 5,594 ha property (95% owned) located 50 km southeast of the Cap Oeste deposit in Santa Cruz Province • Ag-Au mineralization hosted in low sulphidation veins/veinlets ‒ Principal veins are 0.3 to 1.0 m wide within 2 m to 8 m wide halos • Substantial exploration work

  14. Slide 14: La Josefina Project

    La Josefina Project TSXV:PGDC • 52,800 ha property located 450 km to northwest of Rio Gallegos in the Department of Deseado in Santa Cruz Province Noreste ‒ Located within a scarcely populated region in Patagonia Veta Norte ‒ 81% owned under JV between the Company and Fomicruz. Fomicruz can earn up

  15. Slide 15: Other Projects

    Other Projects TSXV:PGDC La Valencia Located in the Deseado Massif and contiguous to the east of La Josefina • • 29,600 ha Low sulphidation, epithermal system containing gold, silver and base metals • • Santa Cruz Gold and silver contained in quartz veins, stockworks and breccias • province 42 compl

  16. Slide 16: Compelling Value

    Compelling Value TSXV:PGDC • Patagonia trades at an EV/resource multiple of only C$28/oz AuEq, which is a 60% discount to the average of companies advancing epithermal precious metals deposits in the Americas • Patagonia is amongst a small number of developers with a permitted mill and the potential

  17. Slide 17: Contact

    Contact Christopher van Tienhoven Chief Executive Officer T: +54 11 5278 6950 E: cvantienhoven@patagoniagold.com Dean Stuart Investor Relations T: 403 617 7609 E: dean@boardmarker.net

  18. Slide 18: Global Mineral Resources

    Global Mineral Resources TSXV:PGDC Company 100% Basis Attributable Project Ownership Cut-Off Category Tonnes Grade Contained Metals Contained Metals g/t AuEq 000s g/t Au g/t Ag g/t AuEq 000 oz Au 000 oz Ag 000 oz AuEq 000 oz Au 000 oz Ag 000 oz AuEq Calcatreu1 100% 0.50 Indicated 9,841 2.11 19.8 2.3

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